All Candlestick-Patterns - by FibonacciFuel

Overview

The indicator "All Candlestick-Patterns - by FibonacciFuel" is a comprehensive tool for traders and analysts, originally designed in German, that recognizes and visualizes a wide variety of candlestick patterns on a chart. Developed with Pine Script™, this indicator provides a detailed analysis of bullish, bearish, and neutral candlestick patterns, commonly used in technical analysis to identify potential reversal or continuation signals. It is particularly useful for both novice and experienced traders looking to enhance their market assessment through visual pattern recognition.

Functionality

The indicator continuously monitors the price action and detects over 30 different candlestick patterns, including classic patterns like "Doji," "Hammer," "Engulfing," and more complex formations such as "Morning Star" or "Falling Three Methods." Each detection is marked with a label on the chart indicating the pattern type (e.g., "H" for Hammer or "ES" for Evening Star). Additionally, detailed tooltips are provided, which appear when hovering over a label, offering a description of the pattern in German, including its significance and interpretation.

Detection Logic

Trend Detection: The indicator can configure trend detection based on the 50-day SMA (Simple Moving Average), a combination of 50-day and 200-day SMA, or no trend detection.

Criteria: Each pattern is identified using specific criteria such as candlestick body size, shadow length, and position relative to the previous price action.

Customizability: Users can choose to display only bullish, only bearish, or both types of patterns, as well as enable or disable individual patterns.

Visual Representation

Labels: Each detected pattern is marked with a short code (e.g., "TB" for Tweezer Bottom), placed above or below the candlestick depending on its bullish or bearish nature.

Color Coding: Bullish patterns are displayed in blue, bearish in red, and neutral patterns in gray, enabling quick visual differentiation.

Tooltips: Hovering over a label triggers a tooltip with a detailed German description, explaining the context and potential market implication.

Supported Candlestick Patterns

The indicator covers a broad range of patterns, including:

- **Bullish**: Hammer, Inverted Hammer, Morning Star, Piercing, Rising Three Methods, Tweezer Bottom, among others.
- **Bearish**: Hanging Man, Shooting Star, Evening Star, Dark Cloud Cover, Falling Three Methods, Tweezer Top, among others.
- **Neutral**: Doji, Spinning Top, Harami Cross, among others.

Configuration

Trend Rule: Choose between "SMA50," "SMA50, SMA200," or "No detection" to define the trend basis.

Pattern Activation: Enable or disable individual patterns (e.g., Abandoned Baby, Engulfing) via input fields.

Display Options: Select between "Bullish," "Bearish," or "Both" to limit the pattern display.

Colors: Customize the label colors for bullish, bearish, and neutral patterns.

Application

Installation: Add the indicator to your chart.

Customization: Adjust settings to your preferences, such as the trend rule or desired patterns.

Analysis: Use the labels and tooltips to identify potential trading signals. For example, a "Hammer" in a downtrend might indicate a reversal.

Confirmation: Combine the patterns with other indicators (e.g., RSI, MACD) for a well-informed decision.

Advantages

Comprehensiveness: Detects a wide variety of patterns covering the full spectrum of candlestick analysis.

User-Friendliness: Intuitive labels and detailed tooltips simplify interpretation.

Flexibility: Customizable settings allow for tailored usage.

Conclusion

"All Candlestick-Patterns - by FibonacciFuel" is a powerful tool for traders aiming to master the art of candlestick pattern analysis. With its ability to recognize and visually represent a broad range of patterns, it provides valuable support for trading decisions. Whether you are a beginner learning the basics or an experienced trader refining strategies, this indicator is an indispensable asset in your toolkit.

Developed by FibonacciFuel, this indicator is released under the Mozilla Public License 2.0 and is freely usable. Feedback or improvement suggestions are welcome!



# All Candlestick-Patterns - by FibonacciFuel

## Overview
The indicator "All Candlestick-Patterns - by FibonacciFuel" is a comprehensive tool for traders and analysts, originally designed in German, that recognizes and visualizes a wide variety of candlestick patterns on a chart. Developed with Pine Script™, this indicator provides a detailed analysis of bullish, bearish, and neutral candlestick patterns, commonly used in technical analysis to identify potential reversal or continuation signals. It is particularly useful for both novice and experienced traders looking to enhance their market assessment through visual pattern recognition.

## Functionality
The indicator continuously monitors the price action and detects over 30 different candlestick patterns, including classic patterns like "Doji," "Hammer," "Engulfing," and more complex formations such as "Morning Star" or "Falling Three Methods." Each detection is marked with a label on the chart indicating the pattern type (e.g., "H" for Hammer or "ES" for Evening Star). Additionally, detailed tooltips are provided, which appear when hovering over a label, offering a description of the pattern in German, including its significance and interpretation.

## Detection Logic
- **Trend Detection**: The indicator can configure trend detection based on the 50-day SMA (Simple Moving Average), a combination of 50-day and 200-day SMA, or no trend detection.
- **Criteria**: Each pattern is identified using specific criteria such as candlestick body size, shadow length, and position relative to the previous price action.
- **Customizability**: Users can choose to display only bullish, only bearish, or both types of patterns, as well as enable or disable individual patterns.

## Visual Representation
- **Labels**: Each detected pattern is marked with a short code (e.g., "TB" for Tweezer Bottom), placed above or below the candlestick depending on its bullish or bearish nature.
- **Color Coding**: Bullish patterns are displayed in blue, bearish in red, and neutral patterns in gray, enabling quick visual differentiation.
- **Tooltips**: Hovering over a label triggers a tooltip with a detailed German description, explaining the context and potential market implication.

## Supported Candlestick Patterns
The indicator covers a broad range of patterns, including:
- **Bullish**: Hammer, Inverted Hammer, Morning Star, Piercing, Rising Three Methods, Tweezer Bottom, among others.
- **Bearish**: Hanging Man, Shooting Star, Evening Star, Dark Cloud Cover, Falling Three Methods, Tweezer Top, among others.
- **Neutral**: Doji, Spinning Top, Harami Cross, among others.

## Configuration
- **Trend Rule**: Choose between "SMA50," "SMA50, SMA200," or "No detection" to define the trend basis.
- **Pattern Activation**: Enable or disable individual patterns (e.g., Abandoned Baby, Engulfing) via input fields.
- **Display Options**: Select between "Bullish," "Bearish," or "Both" to limit the pattern display.
- **Colors**: Customize the label colors for bullish, bearish, and neutral patterns.

## Application
1. **Installation**: Add the indicator to your chart.
2. **Customization**: Adjust settings to your preferences, such as the trend rule or desired patterns.
3. **Analysis**: Use the labels and tooltips to identify potential trading signals. For example, a "Hammer" in a downtrend might indicate a reversal.
4. **Confirmation**: Combine the patterns with other indicators (e.g., RSI, MACD) for a well-informed decision.

## Advantages
- **Comprehensiveness**: Detects a wide variety of patterns covering the full spectrum of candlestick analysis.
- **User-Friendliness**: Intuitive labels and detailed tooltips simplify interpretation.
- **Flexibility**: Customizable settings allow for tailored usage.

## Conclusion
"All Candlestick-Patterns - by FibonacciFuel" is a powerful tool for traders aiming to master the art of candlestick pattern analysis. With its ability to recognize and visually represent a broad range of patterns, it provides valuable support for trading decisions. Whether you are a beginner learning the basics or an experienced trader refining strategies, this indicator is an indispensable asset in your toolkit.

Developed by FibonacciFuel, this indicator is released under the Mozilla Public License 2.0 and is freely usable. Feedback or improvement suggestions are welcome!